How are ACORN fighting predatory lending?

Answer:

ACORN are
the Association of Community Organizations for Reform Now. ACORN are trying to
limit predatory lending as much as possible through a national campaign.
Established in 1970, ACORN spread over the US,
Canada, Argentina, Mexico,
Peru and the Dominican republic.
They are an organization of low and moderate income families uniting for a
stringer society.

Predatory
lending has become a concern to the ACORN organization as homeownership has
become a nightmare. To curb predatory lending, ACORN promotes more restrictive
legislation to lenders and better homeownership education to borrowers.

ACORN
Protects Low Income And Minority Households

Predatory
lenders find it easy to sell expensive and dangerous loans to borrowers who
have little or no understanding of homebuying transactions. ACORN members have
been trying to limit harmful predatory lending practices by identifying
predatory lenders and demanding stricter regulations to lending practices.

Additionally, people from ACORN are trying to offset
the effect of predatory lending by increasing public awareness and education
regarding home loans. ACORN also involve in distributing information about
preventing and avoiding foreclosure, identifying mortgage scams and how to seek
help in case foreclosure is on the way.

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